Bioelectronics Corp (BIEL)

[misanthrope]

It isn't necessarily that anything in particular happened with regards to Kelly's CPA license being inactive. If a CPA isn't actively a practicing CPA, or actively doing CPA work for a company, they can let their license be parked as inactive. My last firm had a number of executives who started their careers as CPA's within the business but had taken operational leadership roles and were no longer doing accounting related work, so their made their licenses inactive. I believe there are things like continuing education courses required to keep these active, and these individuals didn't have the time or the need to do that. They could always have reactivated them had they so desired. Very common in some industries.

I know of CEO's for companies who were CPAs and had deactivated their licenses. They had entire departments working for them to do that work. In Kelly's case, she isn't working as a CPA, even if she does the 'books' for BIEL, and I believe she gets outside CPAs to prepare the reports. Makes sense in her case.